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Showing posts with the label housing report 2017

TOL STOCK WRITE UP

TOL (TOLL BROTHERS) P/E: 17.3 GAAP DILUTED YEAR-OVER-YEAR EPS GROWTH LAST QUARTER: $.22 SECTOR: CONSUMER DURABLES ASSETS-LIABILITIES: 1.83 DIVIDEND: .84% Toll Brothers, INC, (TOL), is a housing manufacturer. Although their stock posted a beat on EPS and revenue expectations in Q2 '17, which reported today, the stock went down due to concerns over the housing market, as housing sales slumped unexpectedly in April. The share price is linked to housing market expectations, and it will be difficult for the stock to trade up should the housing market falter. While revenues increased 22% in Q2 '17 from the comparable '16 quarter, revenues in Q1 were down on a year-over-year basis. Costs increased and gross margin shrank slightly while the company delivered a substantial EPS growth of $.22 per share to $.73. The company's backlog of orders grew 25%. Total debt increased, and the company increased its cash pile to cut net debt. In each ...